Sep. 17, 2019 6:36 AM ET
About: B&G Foods, Inc. (BGS)
By: Niloofer Shaikh, SA News Editor
https://seekingalpha.com/news/3499692-b-and-g-foods-prices-450m-term-loan-b-facility?app=1#email_link
I believe they are paying a higher rate on the new offering versus the one they are retiring?
B&G Foods (NYSE:BGS) has priced $450M tranche B term loan facility under company’s existing senior secured credit facility at a price equal to 99.50% of its face value and will bear interest at a rate of LIBOR plus 2.50%, with a 0.0% LIBOR floor and will have a seven year maturity.
The company intends to use the proceeds of the new term loans, together with the net proceeds of B&G Foods’ previously announced offering of $550M of 5.25% senior notes due 2027, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility, pay related fees and expenses and for general corporate purposes.
The tranche B term loan facility is expected to close on October 11.
Recent BGS News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 12:59:37 PM
- B&G Foods Issues Notice of Full Redemption of Remaining 5.25% Senior Notes due 2025 • Business Wire • 09/09/2024 12:50:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:45:35 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 04:49:25 PM
- B&G Foods to Participate at the Barclays Global Consumer Staples Conference • Business Wire • 08/28/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:13:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:05:19 PM
- B&G Foods Reports Financial Results for Second Quarter 2024 • Business Wire • 08/06/2024 08:05:00 PM
- B&G Foods Declares Regular Quarterly Dividend • Business Wire • 07/30/2024 09:57:00 PM
- B&G Foods Announces Date of Second Quarter 2024 Earnings Conference Call • Business Wire • 07/17/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 12:27:35 PM
- B&G Foods Announces Closing of Tack-on Offering of Senior Secured Notes and Credit Agreement Refinancing • Business Wire • 07/12/2024 08:39:00 PM
- B&G FOODS INTRODUCES THE B&G® PICKLEBALL BAG IN COLLABORATION WITH NYC DESIGNER, MADE BY ALEX • PR Newswire (US) • 07/09/2024 11:00:00 AM
- B&G Foods Announces Pricing and Upsizing of Tack-on Offering of Senior Secured Notes • Business Wire • 06/28/2024 03:11:00 AM
- B&G Foods Announces Proposed Tack-on Offering of $100.0 Million of 8.000% Senior Secured Notes due 2028 • Business Wire • 06/26/2024 12:44:00 PM
- B&G Foods Announced Proposed Credit Agreement Refinancing • Business Wire • 06/18/2024 09:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:14:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:11:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:53:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:51:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:48:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:46:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:45:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:38:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 12:46:07 PM
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